Safehold Inc. (NYSE:SAFE) Q1 2024 Earnings Call Transcript

And that’s a time we could certainly try to refine our thinking on leverage. But right now, we’re just trying to get the scale that has always been our goal. The markets are going up, markets are going down. There’s stresses here, there’s stresses there, but our goal has to be to get to scale, because I think you’re going to see some of the dynamics on Caret, some of the dynamics in terms of overhead as a percentage of assets and as a percentage of revenue all start to fall down into our long-term goals, and we’re just not there yet. So before we do something on the right side of the balance sheet, in terms of changing mix, I think we need to get a little bit bigger and a little bit closer to our goals, and then we can relook at that.

Matthew Howlett: Great. Thanks Jay.

Operator: Thank you. Mr. Hoffmann We have no further questions.

Pearse Hoffmann: Great, thank you. If you should have any additional questions on today’s release, please feel free to reach out to me directly. Operator, would you mind giving the conference call replay instructions once again. Thanks.

Operator: Thank you. There will be a replay of this conference beginning at 2:00 p.m. Eastern time today. The dial in for the replay is 877-481-4010 with the confirmation code of 50475. This does conclude today’s conference. You may disconnect your lines at this time and have a wonderful day. We thank you for your participation.